Sumitomo Forestry to Acquire Tri Pointe Homes for $4.5 Billion

Japan’s Sumitomo Forestry Co., Ltd. entered a merger agreement on February 13, 2026, to acquire Tri Pointe Homes, Inc. (TPH) in an all-cash deal valued at $4.5 billion.

Deal Structure:

Sumitomo Forestry will acquire Tri Pointe Homes for $47 per common share, representing a 28.52% premium from the stock’s last close.

Company Profile:

Tri Pointe Homes is one of the largest U.S. homebuilders, designing, constructing, and selling premium single-family homes and communities across 13 states and Washington, D.C. The company also provides related financial services, including mortgage, title, and insurance solutions, through its family of regional brands.

Sumitomo Forestry is a Japan-based global wood products and housing company engaged in forestry management, wood building materials, home construction, real estate development, and biomass power generation.

Deal Details and Timeline:

Tri Pointe Homes will join the Sumitomo Forestry family of U.S. homebuilders while continuing to operate as a distinct brand under its current leadership team. Tri Pointe Homes will maintain its Home Office in Irvine, California, along with its 17 divisions and financial services operations.

An indirect, wholly owned subsidiary of Sumitomo Forestry will merge with Tri Pointe Homes. After the merger, Tri Pointe Homes will become a wholly owned subsidiary of Sumitomo Forestry America, Inc.

The completion of the merger is expected in the second quarter of 2026.

Tri Pointe Homes received financial advisory services from Moelis & Co. and legal counsel from Paul Hastings. Sumitomo Forestry was advised financially by Mitsubishi UFJ Morgan Stanley and received legal counsel from Morrison & Foerster.

Sumitomo Forestry is paying 8.19 times the EBITDA of Tri Ponte Homes.

Deal Metrics:

For a comprehensive understanding of this M&A transaction, please visit the Deal Metrics page:

Deal Metrics for the acquisition of Tri Pointe Homes, Inc. (TPH) by Sumitomo Forestry Co., Ltd.

The Deal Metrics page includes:

• A historical spread chart of the merger from its announcement to completion or failure.
• Key events as the merger progresses, including HSR period expiration, regulatory approvals, shareholder votes, and more.
• Latest news and SEC filings.
• A log of deal updates.
• Additional relevant information.

Disclaimer: This article is intended for informational purposes only. It is not an endorsement or a recommendation to buy or sell any securities mentioned. Perform your own due diligence and consult with a licensed professional before making any investment decision. The accuracy or completeness of the content or data provided in this article is not guaranteed.

Editor’s Note: Baranjot Kaur contributed to this article